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TLT completes Blackfinch acquisition of subsidy-free solar farm project

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TLT has advised Blackfinch Investments Limited, a leading renewable energy investor, on the acquisition of a new solar farm project in North Wales.

The site, located near to Pwllheli on the Lleyn Peninsula in North West Wales, has the planning consent, grid connection offer and option for lease in place for a 6MW solar farm and was acquired through Blackfinch’s renewable energy investment entity, Sedgwick Trading.

Luminous Energy, an independent developer specialising in the planning and development of solar farms, is managing the development of the project.

The TLT team was led by corporate partner Antonia Silvestri, supported by Chartered Legal Executive Nick Rains and real estate partner Matthew Grimwood.

Guy Lavarack, investment director at Blackfinch, says: “This is the first of many projects in collaboration with TLT and Luminous Energy as we expect to add further subsidy-free solar developments to our portfolio. I look forward to continuing our work with both organisations as the project moves into the next phase of development”.

Antonia Silvestri, corporate partner at TLT adds: “We are delighted to have worked with Blackfinch on another renewable energy acquisition and continue to support their growth ambitions in the sector. We are seeing a continued increase in activity in respect of subsidy free projects, with many clients securing project rights and development and funding partners. The solar sector remains resilient despite the change in subsidy support and TLT is proud to play a role in further promoting the development of clean energy projects.”

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